Reuters logo
Kuwait's Zain posts slight decline in Q2 net profit, meets expectations
July 16, 2014 / 11:27 AM / in 3 years

Kuwait's Zain posts slight decline in Q2 net profit, meets expectations

DUBAI, July 16 (Reuters) - Zain, Kuwait’s No.1 telecom operator by subscribers, reported a 2 percent decline in second-quarter net profit on Wednesday, matching analysts’ estimates.

The former monopoly, which operates in eight countries in the Middle East and Africa, made a net profit of 59 million dinars ($209 million) in the three months to June 30, down from 60.65 million dinars in the year-earlier period.

Analysts polled by Reuters on average forecast Zain would make a quarterly profit of 59.22 million dinars. ($1 = 0.2823 Kuwaiti Dinars) (Reporting by Nadia Saleem; Editing by David French)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below